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AMERICAS

First Community Bankshares to merge with Hometown Bancshares in $41.5m deal.

First Community Bankshares, a financial holding company, agreed to merge with Hometown Bancshares, a provider of banking products and services, in $41.5m deal, according to press releases.

First Community Bankshares is advised by D.A. Davidson & Co and Bowles Rice. Hometown Bancshares is advised by Hovde Group and Hunton Andrews Kurth, according to press releases.

AMETEK completes the acquisition of FARO Technologies for $920m.

AMETEK, a global provider of industrial technology solutions, completed the acquisition of FARO Technologies, a provider of measurement devices, for $920m, according to press releases.

FARO Technologies was advised by Evercore and Sapphire Investor Relations (led by Erica Mannion). Evercore was advised by Fried Frank Harris Shriver & Jacobson (led by Roy Tannenbaum and Philip Richter), according to press releases and MergerLinks data.

Exuma Capital-backed Peak Roofing Partners completes the acquisition of Skymark Roofing.

Exuma Capital-backed Peak Roofing Partners, a comprehensive roofing solutions provider, completed the acquisition of Skymark Roofing, a company that specializes in providing residential and commercial roofing services, according to press releases. Financial terms were not disclosed.

Peak Roofing Partners was advised by 10 to 1 Public Relations, according to press releases.

The IMA Group to acquire Medical Research Network.

The IMA Group, a medical services company, agreed to acquire Medical Research Network, a provider of clinical research services, according to press releases. Financial terms were not disclosed.

The IMA Group is advised by Harrington Global (led by Brenna Harrington), according to press releases.

RBC Bearings completes the acquisition of VACCO Industries from ESCO Technologies for $310m.

RBC Bearings, a prominent international manufacturer of highly engineered precision bearings, components and essential systems for the aerospace, defense and industrial industries, completed the acquisition of VACCO Industries, a designer and manufacturer of specialty valves, filters and advanced fluid control products, from ESCO Technologies, a provider of highly-engineered products and solutions, for $310m, according to press releases.

Perceptive Advisors completes the acquisition of Synthego.

Perceptive Advisors, a private equity firm, completed the acquisition of Synthego, an advanced genome engineering products and services provider, according to press releases. Financial terms were not disclosed.

Activist Elliott boosts stake in data center REIT Equinix. (Bloomberg)

Elliott Investment Management has increased its stake in Equinix and is urging the data center operator to take measures aimed at boosting its share price.

The activist investor now holds a position significant enough to rank among Equinix’s top 10 shareholders.

Figma files registration statement for proposed $1bn IPO. (Press Release)

Figma and its investors are aiming to raise up to $1bn through a US initial public offering, positioning the design and collaboration software firm for one of the year’s largest listings.

Morgan Stanley, Goldman Sachs, Allen & Company and JPMorgan are acting as joint lead book-running managers for the proposed offering. Bank of America, Wells Fargo Securities and RBC Capital Markets are acting as book-running managers for the proposed offering. William Blair and Wolfe | Nomura Alliance are acting as co-managers for the proposed offering.

Crypto custody startup BitGo confidentially files for US IPO. (Reuters)

BitGo, a provider of trust and security services for digital assets, has confidentially filed for a US initial public offering as cryptocurrency firms move to capitalize on renewed market momentum.

The filing comes amid a wave of successful listings from high-profile companies, including those in risk-prone sectors such as crypto and fintech, reflecting pent-up demand and a rebound in capital markets activity.

EMEA

British Columbia Investment Management Corporation to invest in Three Hills.

British Columbia Investment Management Corporation, a provider of investment management services, agreed to invest in Three Hills, a private markets investment firm specialised in providing bespoke capital solutions to entrepreneurs and management teams, according to press releases. Financial terms were not disclosed.

British Columbia Investment Management Corporation is advised by Latham & Watkins. Three Hills is advised by Campbell Lutyens and Travers Smith, according to press releases and MergerLinks data.

Al-Futtaim to acquire 49.99% stake in Cenomi Retail for SAR2.5bn.

Al-Futtaim, a global group in automotive, real estate, and retail, agreed to acquire 49.99% stake in Cenomi Retail, a company that offers a wide range of fashion and lifestyle products, for SAR2.5bn ($673m), according to press releases.

Al-Futtaim is advised by JP Morgan. Cenomi Retail is advised by Lazard, according to press releases.

EQT to acquire Spanish online classifieds businesses from Adevinta.

EQT, a private equity firm, agreed to acquire Spanish online classifieds businesses from Adevinta, a global online classifieds company, according to press releases. Finanical terms were not disclosed.

EQT is advised by Ernst & Young and Clifford Chance. Adevinta is advised by Goldman Sachs (led by Clif Marriott) and LionTree Advisors (led by Antal Runneboom and Louis Kenna), according to press releases and MergerLinks data.

Ampersand to acquire CurTec from Bencis.

Ampersand, a private equity firm, agreed to acquire CurTec, a manufacturer of high-performance plastic packaging solutions, from Bencis, a private equity firm, according to press releases. Financial terms were not disclosed.

Regnology to acquire a finance, risk & regulatory reporting business unit from Wolters Kluwer.

Regnology, a regulatory reporting and data management software provider, agreed to acquire a finance, risk & regulatory reporting business unit from Wolters Kluwer, a global provider of information, software, and services for professionals, according to press releases. Financial terms were not disclosed.

Indian jeweller Titan to buy large stake in Dubai's Damas. (Reuters)

Titan Company has agreed to acquire a 67% stake in Dubai-based luxury brand Damas from Qatar's Mannai Corporation at an enterprise value of AED1bn ($283m), positioning itself as one of the largest Indian jewellers in the Middle East.

The Tata Group company plans to complete the transaction by January 31, 2026, and will retain the right to purchase the remaining 33% stake in Damas after December 31, 2029.

Jungheinrich signs contract for the sale of its Russian subsidiary. (Reuters)

German forklift truck maker Jungheinrich has agreed to sell its Russian unit to a local financial investor and asset manager, while also lowering its full-year profit forecast as a result of the divestment.

Following the sale of Jungheinrich Lift Truck OOO in Russia, the company now anticipates earnings before interest and taxes of €160m ($186m) to €230m ($268m) for the year, compared with its earlier forecast of €280m ($325m) to €350m ($407m).

IFX Payments mulls withdrawing takeover offer for UK's Argentex. (Reuters)

Cross-border payments provider IFX Payments announced on July 21 that it may withdraw its takeover bid for Argentex, just days after the British currency risk management firm appointed administrators due to a funding shortfall.

Argentex, which recently became one of the early casualties of market volatility triggered by trade tensions, disclosed on July 18 that its main trading unit had ceased operations following a failure to secure the necessary funding.

Pollen Street raises €2bn for private equity strategy. (Bloomberg)

Alternative asset manager Pollen Street Capital has secured €2bn ($2.3bn) for its private equity strategy, driven by growing demand for mid-market deals in Europe, particularly from North American investors.

The London-based firm’s private equity Fund V raised €1.5bn ($1.7bn) in commitments, surpassing its initial €1bn ($1.2bn) target. The new fund is also 85% larger than its predecessor, which raised £700m ($943m) in 2021.

Pantheon raises $2.2bn for third opportunistic credit secondaries programme. (Press Release)

Pantheon, a global private markets investor, has announced the final close of Pantheon Credit Opportunities III and related vehicles, securing total commitments of approximately $2.2bn.

The fundraise surpassed its initial target by more than 2.5 times, reflecting strong investor demand for the firm’s credit strategies.

APAC

Barings and QIC led a AUD370m round in Pacific Energy Group.

Barings and QIC, investment firms, led a AUD370m ($241m) round in Pacific Energy Group, a gas company, according to press releases.

Pacific Energy Group was advised by Campbell Lutyens, according to press releases.

S&P Global to acquire ARC Research from ARC Group.

S&P Global, a provider of services including credit ratings, investment research, market data, and analytics, agreed to acquire ARC Research, a financial data company, from ARC Group, a global financial services and advisory firm, according to press releases. Financial terms were not disclosed.

S&P Global is advised by Ashurst, according to press releases.

South Korean fashion retailer F&F hires Goldman for TaylorMade acquisition. (Reuters)

South Korean fashion retailer F&F has appointed Goldman Sachs as its adviser for a potential acquisition of TaylorMade and signaled it will pursue legal action if the golf equipment maker's owner proceeds with a separate sale process.

Centroid Investment Partners, a Seoul-based private equity firm that acquired TaylorMade in 2021, has enlisted JP Morgan and Jefferies to oversee the sale of the Carlsbad, California-based company.

Australia's Abacus Storage King opens books for $1.4bn takeover bid. (Reuters)

Abacus Storage King has given a consortium led by Ki and Public Storage 6 weeks to review its books and records as part of evaluating a binding acquisition proposal valued at AUD2.2bn ($1.4bn).

In early July, the consortium increased its bid to AUD1.65 ($1.07) per share for the Australian self-storage company. Abacus Storage had previously rejected an offer in May, citing concerns over valuation, timing, and deal completion.

Ki, the family office of businessman Nathan Kirsh, directly and indirectly controls 59.4% of Abacus Storage. If the deal is finalized, Ki and Public Storage would each hold a 50% stake in the firm.

Bonfiglioli's India unit is said to consider $250m IPO. (Bloomberg)

Bonfiglioli's Indian unit, Bonfiglioli Transmissions, is exploring an initial public offering in Mumbai that could raise around $250m.

The company has appointed Axis Capital, ICICI Securities, JP Morgan and BNP Paribas to manage the planned listing.

Victory Giant Technology plans potential $1bn Hong Kong listing. (Bloomberg)

Victory Giant Technology, a manufacturer of printed circuit boards, is considering a Hong Kong listing that could raise about $1bn. The company is working with financial advisers to explore options for a secondary share sale, which could take place before the end of the year.

The move would allow Victory Giant to tap into strong investor demand for technology hardware and electronics manufacturing companies in the region. Discussions are still ongoing, and the structure and timing of the offering have yet to be finalized.

Shenzhen Transsion Holdings explores $1bn Hong Kong listing. (Bloomberg)

Shenzhen Transsion Holdings, a major seller of mobile phones in Africa, is considering a secondary listing in Hong Kong that could raise around $1bn. The company is currently in discussions with financial advisers to evaluate the structure and strategy of the potential offering.

While details such as the final size and timing of the share sale have not yet been determined, the move would provide Transsion with additional capital to strengthen its global expansion and product development.

Indian furniture brand WoodenStreet aims to quadruple revenue in 3 years, mulls IPO. (Reuters)

India's WoodenStreet plans to quadruple its revenue over the next three years by expanding its mattress and modular furniture businesses and opening dozens of new stores as it gears up for a potential stock market listing.

The company is capitalizing on the rapid growth of India’s $34bn furniture market, driven by younger consumers with rising disposable incomes who are increasingly shopping online and upgrading items such as sofas, recliners, wardrobes and beds more frequently.

Singapore selects JP Morgan and others to boost stock market liquidity. (Bloomberg)

Singapore will allocate SGD1.1bn ($856m) to three asset managers, including JPMorgan Asset Management, as part of its effort to boost liquidity and attract more investors to the local stock market.

The initial phase of the SGD5bn ($3.9bn) Equity Market Development Program will also involve state-backed firms Avanda Investment Management and Fullerton Fund Management.

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